The Growth and Human Capital Structure of New Firms over the Business Cycle

Konferenzbeitrag

Recent research based on aggregate data suggests that employment in young firms is more negatively impacted during economic crises than employment in incumbent firms. Using firm-level data, we show that under constant human capital of the firms' founders, employment growth in less than 1 1/2-year-old start-ups reacts countercyclically and employment growth in older start-ups reacts procyclically. The young start-ups realize their countercyclical growth by hiring qualified labor market entrants.

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• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Beiträge zur Jahrestagung des Vereins für Socialpolitik 2017: Alternative Geld- und Finanzarchitekturen - Session: Organizations and Firms I ; No. A12-V2

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Business Fluctuations; Cycles ; Labor Demand ; Entrepreneurship ; New Firms; Startups ; Firm Performance: Size, Diversification, and Scope ; Production, Pricing, and Market Structure; Size Distribution of Firms ; Firm Behavior: Empirical Analysis

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Murmann, Martin
• Ereignis: Veröffentlichung
• (wer): ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
• (wo): Kiel, Hamburg
• (wann): 2017

Weitere Informationen

• Handle: http://hdl.handle.net/10419/168290